Layers 1 & 2 (Week 23, 07/06/2022 – 13/06/2022)
Hacker returns stolen Optimism tokens. Solana disables buggy feature. Jack Dorsey announces Web5.
Key Takeaways
- Optimism (OP) hacker partially returned 20 million OP stolen during a botched transfer, with 1 million OP sent to Vitalik Buterin.
- Jack Dorsey announced plans to bypass Web3 and build a decentralised web using a Bitcoin-based (BTC) identity management system called Web5.
- Solana (SOL) released a postmortem report and disabled the durable nonce transaction feature, which caused a 4.5-hour outage on 1 June.
- Cronos (CRO) reached 46.31 million total transactions, increasing +2.70% from last week.
Highlights
- Bitcoin’s hashrate hits an all-time high, nearing 300 exahash per second
- Terra’s Anchor protocol users vote to halt ‘earning and borrowing’
- Hut 8 Mining opens third facility, hits 7,000 Bitcoin (BTC) in reserves
- Crypto miner Hive Blockchain selling Ether (ETH) to pay for Intel mining rigs
- Storage blockchain Crust Network to launch External Adapter on Chainlink (LINK)
- Cube Chain launches high-performance modular mainnet to meet market demand for Web3
- Elrond L1 network hacked, with US$1.65M EGLD stolen
- FatManTerra launches non-profit LUNA validator for UST compensation
- Bitcoin Lightning Network capacity charges through 4,000 BTC
- Chinese chip designer reportedly filed for US$50M Nasdaq IPO
- Jack Dorsey and Jay-Z announce the Bitcoin Academy in Brooklyn, New York
Layer 1 Project Metrics
† Sum of P, X and C-chain total transactions
‘–’ denotes missing, unavailable, or incomplete data
Sources: Coingecko, Etherscan, Ethernodes, Cardanoscan, Avascan, Solana Beach, FTMscan, BSCscan, CronoScan, Cronos Explorer, DeFi Llama
Layer 2 Project Metrics
† Ronin is the sidechain developed by Sky Mavis for Axie Infinity
‘–’ denotes missing, unavailable, or incomplete data
Sources: DeFi Llama, Polygonscan, Clark Moody Bitcoin, 1ML, Ronin Explorer, Coingecko, Optimistic Etherscan, Arbiscan, Boba Explorer, Andromeda Metis Explorer
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